Top 5 Best Performing Technology Mutual Funds Year to Date

Zacks

Technology has increasingly become an indispensible part of our daily lives and the future prospects of this sector only seem brighter. However, the boom of tech funds in the late nineties and their subsequent downfall during the decline that followed has invoked a certain degree of skepticism even among those bullish on this category. But for investors seeking aggressive growth over the long term, investing in funds that focus on technology and innovation could be a prudent option in times to come.

Below we will share with you the 5 best performing technology mutual funds year to date.  To view the Zacks Rank and past performance of all technology funds, investors can click here to see the complete list of funds.

Mutual Fund

Zacks Rank

Total Return YTD

ProFunds Technology Ultra Sector

#1 Strong Buy

27.9%

ProFunds Internet Ultra Sector

#1 Strong Buy

24.0%

Goldman Sachs Technology Tollkeeper A

#1 Strong Buy

20.8%

T. Rowe Price Global Technology

#1 Strong Buy

20.2%

Henderson Global Technology

#1 Strong Buy

17.5%

 
ProFunds Technology Ultra Sector (TEPIX) invests almost all its assets in a mix of equity securities and derivatives that provide daily returns which are 150% of the Dow Jones U.S Technology Sector Index The non-diversified fund may also invest some part of its assets in money market instruments. The technology mutual fund has a five year annualized return of 1.88%.

The fund manager is Hratch Najarian and he has managed this technology mutual fund since 2011.

ProFunds Internet Ultra Sector (INPSX) seeks a return identical to 150% of the performance of the Dow Jones Internet Composite Index. The fund invests substantially all its assets in a mix of equity securities and derivatives. The non-diversified fund may also invest some part of its assets in money market instruments. The technology mutual fund has a five year annualized return of 5.04%.

The technology mutual fund has an expense ratio of 2.84% compared to a category average of 1.58%.

Goldman Sachs Technology Tollkeeper A (GITAX) invests the majority of its assets in equity securities of Tollkeeper companies .These are companies that are positioned to benefit from the proliferation of technology. A maximum of 25% of its assets may be utilized to purchase foreign securities. The technology mutual fund has a five year annualized return of 4.85%.

The fund manager is Donald J. Nesbitt and he has managed this technology mutual fund since 2009.

T. Rowe Price Global Technology (PRGTX) seeks capital appreciation over the long term. The fund invests a large share of its assets in companies which expect to derive a large proportion of their revenues from the development and application of technology. The technology mutual fund is non-diversified and has a five year annualized return of 7.22%.

As of June 2012, this technology mutual fund held 72 issues, with 18.05% of its total assets invested in Apple, Inc.

Henderson Global Technology (HFGAX) invests the majority of its assets are used to purchase equity securities of companies in the technology domain. The fund has no fixed guidelines relating to the geographic distribution of its investments. The technology mutual fund has a five year annualized return of 3.93%.

The technology mutual fund has a minimum initial investment of $500 and an expense ratio of 1.50% compared to a category average of 1.58%.

To view the Zacks Rank and past performance of all technology mutual funds, investors can click here to see the complete list of funds.

About Zacks Mutual Fund Rank

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds.

Read the analyst report on TEPIX

Read the analyst report on INPSX

Read the analyst report on GITAX

Read the analyst report on PRGTX

Read the analyst report on HFGAX

Zacks Investment Research



More From Zacks.com
View Comments (0)